When the actual output in the production process is less than the normal, the difference between the two is called

The correct answer is: Abnormal loss.

Abnormal loss is a loss that is not expected to occur in the normal course of business. It is a loss that is caused by some unusual event or circumstance. For example, an abnormal loss might occur if a factory is destroyed by fire or if a product is recalled due to a safety defect.

General loss is a loss that is expected to occur in the normal course of business. It is a loss that is caused by the normal wear and tear of equipment or the normal spoilage of goods.

General profit is a profit that is earned in the normal course of business. It is a profit that is earned by selling goods or services at a price that is higher than the cost of producing those goods or services.

Abnormal profit is a profit that is earned in an unusual or unexpected way. It is a profit that is earned by selling goods or services at a price that is higher than the cost of producing those goods or services, but the high price is due to some unusual event or circumstance.

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